Interfaces
HOME HELP FEEDBACK SUBSCRIPTIONS ARCHIVE SEARCH TABLE OF CONTENTS
QUICK SEARCH:   [advanced]


     

INTERFACES
Vol. 38, No. 5, September-October 2008, pp. 367-380
DOI: 10.1287/inte.1080.0396
This Article
Right arrow Full Text (PDF)
Right arrow References
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Download to citation manager
Right arrow reprints & permissions
Citing Articles
Right arrow Citing Articles via Google Scholar
Google Scholar
Right arrow Articles by Harstad, R. M.
Right arrow Articles by Pekec, A. S.
Right arrow Search for Related Content

Relevance to Practice and Auction Theory: A Memorial Essay for Michael Rothkopf

Ronald M. Harstad, Aleksandar Sasa Pekec

Department of Economics, University of Missouri, Columbia, Missouri 65203
Fuqua School of Business, Duke University, Durham, North Carolina 27708
harstadr{at}missouri.edu
pekec{at}duke.edu

This essay assesses the state of auction theory in a particular dimension: its relevance to practice. Most auction models are more abstract than necessary. They depend on assumptions that are highly unlikely to occur in practical situations, which are often less formal and rigid. Nonetheless, we discuss several significant steps toward offering more practical advice.

Key Words: bidding theory; practical auction design; combinatorial auctions





HOME HELP FEEDBACK SUBSCRIPTIONS ARCHIVE SEARCH TABLE OF CONTENTS
Copyright © 2008 by INFORMS.